Managed Cloud Networking Platforms MarketStructure and Overview of Key Market Forces Propelling Market
Cloud computing is an emerging technology in the IT industry for the sharing of resources in order to achieve higher utilization of IT resources. Companies are adopting new technologies, such as internet of things (IoT), artificial intelligence, and mobile app hosting, in order to streamline the development and networking process. Cloud computing offers internet services to any employee of a company with high scale computing power. Cloud networking is a term describing the centralized access of all networking resources using wide area networking. In organizations, there different applications runs on server such as network management, virtual desktop, voice over internet protocol (VoIP), and unified network. Managed cloud networking platform offers security and privacy in data transmission and it also provides the high availability of data to accessible to user all the time. Managed cloud platform allows enterprises to shift their entire network process on cloud computing in order to maintain the network performance on cloud networking. Enterprises are expected to adopt private cloud and public cloud platform to improve their data transmission and performance of communication network. Several companies are offering a managed cloud platform for development, deployment, and management of applications.
Rise in demand for cloud networking in order to improve productivity and simplify the deployment of the application is projected to drive the market. Managed cloud networking platform simplifies networking by reducing complexity and cost of distributed deployments of organization. Cloud networking creates an opportunity for companies to reduce capital expenses on IT networking resources. All data transmitted on cloud network is likely to pose a threat of confidential information leakage, security, and privacy issues for companies. This, in turn, is expected to restrain the managed cloud networking platform market. Several solution providers create opportunities by offering services to developers to create, run, manage, and deploy applications for both on-premises and public cloud environment. Companies are expected to adopt managed cloud platform with advanced features such as hosting, elastic computing, relational database (SQL), object storage, and artificial intelligence. These features are expected to set a new trend in cloud computing application.
The global managed cloud networking platforms market can be segmented based on services type, cloud deployment, enterprise size, end-user, and region. Based on services type, the managed cloud networking platforms market can be classified into business, security, mobility, network, and data center. Based on cloud deployment, the market can be segregated into public and private cloud. Based on enterprise size, the managed cloud networking platforms market can be bifurcated into small-medium enterprises and large enterprises. In terms of end-user, the managed cloud networking platforms market can be divided into telecom and ITES, banking, financial services & insurance (BFSI), healthcare, government & education, retail & consumer, manufacturing & automotive, and media & entertainment.
Based on region, the managed cloud networking platforms market can be segmented into Europe, North America, Middle East & Africa, Asia Pacific, and South America. North America is expected to account for a prominent share of the managed cloud networking platforms market, in terms of revenue, primarily due to the presence of major technology IT companies and an increase in the demand for managed cloud networking for enterprises in the region. Additionally, higher rate of adoption of technology by companies in the region is expected to create a considerable customer base for solution providers. Asia Pacific is expected to be a rapidly expanding market for managed cloud networking platforms due to the surge in adoption of managed cloud networking services in small- and medium-sized enterprises, which in turn is expected to drive the managed cloud networking platforms market in the region. Additionally, rise in investment by Google and IBM in managed cloud services is anticipated to propel the managed cloud networking platforms market in the region.
Key players operating in the managed cloud networking platforms market include Aerohive Networks, Inc., Cisco Systems, Inc., NaviSite Europe ltd, Accenture plc, Interoute Communications Limited, Alcatel-Lucent S.A., Huawei Technologies, International Business Machines (IBM) Corporation, Ericsson, Fujitsu Ltd., NEC Corporation, and NTT Data Corporation.
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